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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: When the price of a product increases from $35 to $45, the quantity supplied increases from 30 units
Post by: Loraine on Jun 20, 2015
When the price of a product increases from $35 to $45, the quantity supplied increases from 30 units to 40 units per week. Using the midpoint method, the price elasticity of supply is
A) 0.00.
B) -1.1.
C) 1.14.
D) 1.35.
E) 0.88.


Title: Re: When the price of a product increases from $35 to $45, the quantity supplied increases from 30 u
Post by: Smoooth on Aug 10, 2015
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Title: Re: When the price of a product increases from $35 to $45, the quantity supplied increases from 30 units
Post by: Smoooth on Aug 31, 2015
My pleasure :-]


Title: Re: When the price of a product increases from $35 to $45, the quantity supplied increases from 30 ...
Post by: ABC 123 on Oct 17, 2020
thanks